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Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Components Of Stock-Based Compensation

The following table recaps the impact of stock-based compensation on the results of operations for each of the periods presented:

			Year Ended December 31,
			2024												2023												2022
			To Be Settled With Stock						To Be Settled In Cash						To Be Settled With Stock						To Be Settled In Cash						To Be Settled With Stock						To Be Settled In Cash
Executive Stock Unit (ESU) program matching contributions 1			$	3.7					$	.7					$	3.0					$	.7					$	3.7					$	.7
Discounts on various stock awards:
Deferred Stock Compensation Program 2			1.2						—						1.5						—						1.6						—
ESU program 1			1.0						—						1.2						—						1.4						—
Discount Stock Plan 3			.7						—						.7						—						.8						—
Performance Stock Unit (PSU) awards 4			.1						(.8)						2.6						.6						.8						(2.5)
Restricted Stock Unit (RSU) awards 5			11.8						—						8.8						—						10.2						—
Other, primarily non-employee directors restricted stock			.8						—						.8						—						1.0						—
Total stock-related compensation expense (income)			19.3						$	(.1)					18.6						$	1.3					19.5						$	(1.8)
Employee contributions for above stock plans			7.2												9.0												10.6
Total stock-based compensation			$	26.5											$	27.6											$	30.1
Tax benefits on stock-based compensation expense			$	4.7											$	4.5											$	4.7
Tax (expense)/benefits on stock-based compensation payments			(1.1)												.4												0.6
Total tax benefits associated with stock-based compensation			$	3.6											$	4.9											$	5.3

Schedule of Flexible Stock Plan Options

At December 31, 2024, the following common shares were authorized for issuance under the Plan:

 

			Common Shares
Unexercised options			.4
Outstanding stock units—vested			3.9
Outstanding stock units—unvested			1.4
Available for grant			3.9
Authorized for issuance at December 31, 2024			9.6

Schedule of Stock-based Compensation Assets and Liabilities

The following table recaps the impact of stock-based compensation on assets and liabilities for each of the periods presented:

			2024																		2023
			Current						Long-term						Total						Current						Long-term						Total
Assets:
Diversified investments associated with the ESU program 1			$	3.7					$	51.4					$	55.1					$	3.6					$	46.8					$	50.4
Liabilities:
ESU program 1			$	3.7					$	50.2					$	53.9					$	3.7					$	48.7					$	52.4
PSU awards 4			—						1.0						1.0						.1						1.8						1.9
Other - primarily timing differences between employee withholdings and related employer contributions to be submitted to various plans' trust accounts			5.5						—						5.5						5.5						—						5.5
Total liabilities associated with stock-based compensation			$	9.2					$	51.2					$	60.4					$	9.3					$	50.5					$	59.8

Schedule of Deferred Compensation Arrangement with Individual Disclosure, Postretirement Benefits

			Options						Units						Cash
Aggregate amount of compensation deferred during 2024			$	.1					$	3.4					$	.8

Schedule of Discount Stock Plan

Average 2024 purchase price per share (net of discount)			$	12.63
2024 number of shares purchased by employees			.3
Shares purchased since inception in 1982			24.3
Maximum shares under the plan			27.0

Schedule Of Share Based Compensation Arrangement By Share Based Payment Award Performance Based Units Table

Below is a summary of shares and grant date fair value related to PSU awards for the periods presented:

 

			Year Ended December 31,
			2024						2023						2022
Total shares base award			.3						.1						.1
Grant date per share fair value			$	15.30					$	29.31					$	41.13
Risk-free interest rate			4.5		%				4.4		%				1.7		%
Vesting period in years			3.0						3.0						3.0
Expected volatility			30.9		%				45.7		%				45.2		%
Expected dividend yield			9.0		%				5.5		%				4.6		%

Three-Year Performance Cycle for PSU - EBIT CAGR Based

Award Year

Completion Date

Payout as a Percent of the Base Award

Number of Shares Distributed

Cash Portion

Distribution Date

2020

December 31, 2022

—%

— million

$

—

First quarter 2023

2021

December 31, 2023

6.0%

<.1 million

$

.1

First quarter 2024

2022

December 31, 2024

5.0%

<.1 million

$ <.1

First quarter 2025

Schedule of Share-based Compensation, Restricted Stock Units Award Activity

Stock unit information for the plans discussed above is presented in the table below:

			DSU						ESU						PSU						RSU												Total Units						Weighted Average Grant Date Fair Value per Unit						Aggregate Intrinsic Value
Unvested at December 31, 2023			—						—						.8						.2												1.0						$	42.38
Granted based on current service			.3						.4						—						.7												1.4						16.67
Granted based on future conditions*			—						—						.8						—												.8						7.67
Vested			(.3)						(.4)						—						(.5)												(1.2)						19.45
Forfeited*			—						—						(.5)						(.1)												(.6)						12.02
Unvested at December 31, 2024			—						—						1.1						.3												1.4						$	13.19					$	13.3
Fully vested shares available for issuance at December 31, 2024																																	3.9												$	37.4

*Stock-settled PSU awards (50%) are presented at maximum payout of 200% at grant date and when forfeited.

Schedule of Stock Units Converted to Common Stock

			Year Ended December 31,
			2024						2023						2022
Total intrinsic value of vested stock units converted to common stock			$	.1					$	1.9					$	5.7

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